New Chinese Anti-Monopoly Law Is In Effect from August 1, 2008

The new Chinese Anti-Monopoly Law came into effect on August 1, 2008. The law provides a basic framework for building a nationwide competition and anti-monopoly regime in China. It was adopted with some input from U.S. and E.U. business organizations and has been welcomed as a positive development. Some commentators express concern about the lack of clarity on the law's enforcement mechanism.